Reborn Coffee (NASDAQ:REBN) Releases Quarterly Earnings Results

Reborn Coffee (NASDAQ:REBN) posted its quarterly earnings data on Monday. The company reported ($0.20) EPS for the quarter, Zacks reports. The firm had revenue of $6.32 million for the quarter. Reborn Coffee had a negative return on equity of 307.84% and a negative net margin of 37.56%.

Reborn Coffee Price Performance

Shares of NASDAQ REBN opened at $0.79 on Wednesday. The company has a market cap of $6.45 million, a PE ratio of -0.42 and a beta of 1.95. Reborn Coffee has a fifty-two week low of $0.65 and a fifty-two week high of $2.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.89. The business has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Reborn Coffee in a research note on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.